It usually takes about 30 days for home loan approval from submission to successful review (including all documents are complete and all conditions are in compliance with the bank's loan process). If the loan is approved, the bank will notify the home buyer. If the loan is fast, it will take 7 days, if it is slow, it will be about 1 month. It depends on the reserves of each bank for real estate mortgages. Generally, loans are disbursed relatively quickly in the first quarter of each year.

What is the approval process for a house purchase loan?

1. Submit a loan application to the bank. Submit the original and copy of your identity document (referring to your resident ID card, household register and other valid residence documents). Foreigners are also required to provide valid certificates and copies of their spouses. If the borrower and his spouse do not belong to the same household registration book, they are also required to provide a marriage certificate and a house price of 30 RMB. For foreigners, a self-raised deposit of 40 or more, as well as a work unit with the ability to repay the loan. Proof of financial income issued, etc.

2. Determine the loan amount and term. If you are a resident of this city, the maximum loan amount is 70% of the house price, and the maximum loan period is 20 years. For foreigners, the maximum loan amount is 60% of the house price and no more than 300,000 yuan, and the maximum loan term is 10 years. Of course, this is a local policy, and provident fund loans and commercial loans have different loan term requirements.

3. Loan bank review. The lending bank examines the materials and certificates provided by the borrower, mainly examining whether the borrower is a borrower, meets the loan conditions, and has the ability to repay the principal and interest of the loan. Then it determines the actual loan amount and notifies the borrower of the loan commitment. Then the contract can be signed.

4. Notarize the housing mortgage contract. After signing the contract, you must go to the local notary office to notarize the housing mortgage contract. The notarization fee will be borne by the lending bank. Then take the housing mortgage contract notarized by the notary office, go to the district or county real estate registration department where the purchased house is located to register the real estate mortgage, go through the insurance procedures for the purchased house, and wait for the loan.

What materials are needed for house purchase loan approval?

1. The original price and two copies of the ID card (front and back of the ID card).

2. The original and copy of the household registration book (the home page and your own page).

3. The original and two copies of the marriage certificate (marriage certificate: marriage certificate, divorce certificate, court judgment, single certificate issued by the civil affairs department).

4. Proof of personal income and salary (stamped with the official seal of the unit) and personal bank statements (for six consecutive months). (Banks have samples of salary certificate forms, which can be obtained from the lending bank).

5. The original house purchase contract certified by the real estate department.

6. The original and a copy of the real estate purchase invoice issued by the developer.

7. The original and a copy of the bank card or passbook of the bank where the loan is located.